Company Intelligence Profile
Banana Club In Vogue Private Limited
Bengaluru-based omnichannel menswear brand "Banana Club," operating 16+ retail stores and an online store, incorporated as Banana Club In Vogue Private Limited (CIN U52609KA2022PTC167618) on 3 Nov 2022.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Banana Club In Vogue Private Limited |
|---|---|
| CIN | U52609KA2022PTC167618 |
| PAN | AALCB1787F (Tofler) |
| Status | Active (Private Limited Company, not listed) |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 03 November 2022 (Tofler, TheCompanyCheck — agree) |
| ROC | RoC Karnataka / Bangalore (Tofler, TheCompanyCheck — agree) |
| Sector (NIC) | Trading / Retail trading, Group Code G — Trade (Tofler: "Trading"; TheCompanyCheck: "Fashion and Textile — Designer & Branded Fashion / retail trading"). Business per GSTIN record and LinkedIn: menswear apparel retail. |
| Registered address | New No 10/12, Vimala Tower, 1st Cross, Fireworks Colony, SGN Layout, Lalbagh Road Cross, Opp Lane of Passport Office, Sudhamanagar, Sampangiramnagar, Bangalore South, Karnataka 560027 (Tofler, TheCompanyCheck — agree) |
| Authorized capital | ₹20.0 Lakh (Tofler, TheCompanyCheck — agree) |
| Paid-up capital | ₹14.3 Lakh (Tofler) vs ₹15.18 Lakh (TheCompanyCheck) — minor conflict between sources, both ~₹14-15 Lakh; confirmed at that order of magnitude, exact figure partial. |
Business Overview
Confirmed- Banana Club is an omnichannel Indian menswear/fashion brand ("Banana Club In Vogue Pvt Ltd"), founded 2011 by Neel(Nilesh) Kumar Bafna and Prashant Kumar Lalwani (per LinkedIn/press
- note company was only formally incorporated as this Pvt Ltd entity on 03 Nov 2022, so 2011 likely refers to the brand's original founding under a prior structure)
- Positions as "a premium clothing brand made in Bharat, for Bharat," selling shirts, bottoms, t-shirts, winter wear, ethnic wear, footwear and accessories via 16+ physical stores (HSR Layout Bangalore flagship, plus Koramangala, Basavanagudi, Delhi, Tirupati, Hyderabad, Mysore) and online (own site + Myntra)
- LinkedIn: Retail Apparel & Fashion industry, HQ Bengaluru North, Karnataka, 152-500 employee range (self-reported band
- TheCompanyCheck's EPFO count shows 89 employees — conflict noted, EPFO figure likely more precise for statutory headcount)
- Source: bananaclub.co.in, LinkedIn (in.linkedin.com/company/banana-club-invogue), TheCompanyCheck
Directors
ConfirmedConfirmed (Tofler + TheCompanyCheck agree on names/appointment date; Tofler is source for DINs):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Nilesh Kumar Bafna | 06765714 | Director since 03 Nov 2022 | - |
| Prashant Kumar Lalwani | 07896325 | Director since 03 Nov 2022 | - |
GST Registrations
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AALCB1787F1ZC | Karnataka | AALCB1787F (Tofler) | Active |
| 36AALCB1787F1ZH | Telangana | AALCB1787F (Tofler) | - |
Confirmed (source: knowyourgst.com individual GSTIN lookups, cross-checked via search snippet naming both numbers against this PAN): - Karnataka: 29AALCB1787F1ZC — Status: Active — Registered: 12 Dec 2022 — Address: No 16/A Market Road, Bengaluru, Karnataka 560004 — jurisdiction LGSTO 100, range ASD3. - Telangana: 36AALCB1787F1ZH — found referenced (via aggregator search snippet only); individual GSTIN detail page could not be loaded (404) — status/date not independently confirmed, treat as partial. PAN: AALCB1787F. Home state: Karnataka. Number of registrations found: 2 (across 2 states) — this may not be exhaustive given the brand's larger multi-city store footprint (Delhi, Telangana/Hyderabad, etc.); additional un-located GSTINs are possible.
Financials
Partial / conflictingConflicting figures across sources — reported as partial, not confirmed:
- Tofler (FY2024/25, aggregator-estimated bands): Operating revenue range INR 1-100 cr; revenue estimate INR 50-75 cr; net worth up 67.66% YoY; borrowings up 773.07% YoY; total assets up 108.5% YoY. (No absolute PAT/EBITDA given — locked/aggregate bands only.)
- TheCompanyCheck (FY2024): Revenue ₹31.41 Cr (stated as +942% YoY); EBITDA and Net Profit locked behind premium paywall — not obtained; EPFO-registered employees: 89.
No standalone vs consolidated basis stated by either source (company has no visible subsidiaries, so likely standalone). No audited financials/annual report PDF located. Net worth and PAT absolute figures: not obtained.
Funding
Partial / conflicting- Confirmed via press coverage (aggregator search snippet, not a primary filing — treat as partial/unverified pending a primary news source): Raised ₹12.25 crore on the TV show "Pitch To Get Rich" (streaming on Hotstar) at a ₹245 crore valuation — reported in coverage as "the highest amount in Indian television history" for the show
- No investor names, round name/series, or date located
- Source attribution for this figure is a search-engine summary, not a directly verified article — flagged for independent confirmation before use
Charges / Loans
Partial / conflictingPartial / conflicting between sources:
| Tofler | Charge holder ICICI Bank Limited, Total Amount ₹34.2 Cr, dated 17 June 2025 (open charge) |
|---|---|
| TheCompanyCheck | Open charges total ₹38.25 Cr; satisfied charges ₹4.9 Cr; latest charge listed under lender category "Others." |
Exact charge count, all individual charge instruments, and full satisfaction history: not obtained.
Legal
ConfirmedNo litigation or court case records were found for this company in public sources.
Competitors
Partial / conflicting- Indian menswear/casual-fashion D2C-and-retail peers, roughly comparable or larger scale: Snitch (menswear D2C, larger revenue scale, ~₹300+ Cr range), Bewakoof (multi-category apparel D2C, larger scale), The Indian Garage Co. (menswear, comparable/larger retail chain), Campus Sutra (casual apparel, similar scale), Beyoung (menswear D2C, smaller-to-comparable scale), Killer Jeans/Kraus Jeans (denim-led menswear, comparable)
- Scale tags are rough directional estimates based on general market knowledge, not sourced financial comparisons for this task — flagged accordingly
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